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Poco Loco

On Mon, 10 Mar 2014 14:04:01 -0500, amdx wrote:

On 3/6/2014 12:04 PM, wrote:
On Thu, 06 Mar 2014 11:52:50 -0500, Poco Loco
wrote:

On Thu, 06 Mar 2014 11:30:08 -0500, wrote:

I am still waiting for my K-1 from Carl Ichan.

Then I have to see if I can come up with any basis at all for the 200
IBM I sold last year.
I have 500 that I don't have a clue about. IBM stock holder relations
was less than helpful. I assume IRS doesn't know either.

The actual filing is pretty easy once I get those issues figured out
Back in the day, when I had my business, Turbotax was worth the money.
Now IRS will give you "fillable" PDFs that make it pretty easy to
actually put the return together. If they would do the math it would
be very fast.

I got the K-1 quite a while back. Pain in the butt, but it got another $55 back from IRS, so I
suppose the 5 minute effort was worth it. Turbo Tax makes it pretty easy.

I sold off a lot of stuff last year and got into ETF's. Luckily I had some big losses from the
'crash' a few years back which offset about 60% of the gains from the sales. Whew!

TT just goes to the brokerage 1099 files and completes everything in a few seconds. Absolutely
amazing. This year my credit union data is all there.

A very nice thing about TT is its ability to go into last year's return and carry forward all the
necessary information - individual data, employer data, charity data, addresses, etc, etc....all
that stuff that takes a long time to enter. And...it does the math.

I used Turbotax for years but my return got so simple it just does not
seem to be worth it anymore.
When I was on about 30-40 pages of stuff I would not go any other way.

My wife and I are self employed, fairly simple business, but I'll pay
at least $500 for the hour I'm in the accountants office. I have checked
around, when I show them the forms I file, they are the same price as
the guy I use.
Will Turbo Tax work for me and how much is it?
Mikek

Turbo Tax should be pretty easy, as long as you can handle a Schedule C (Profit or Loss from
Business). If you have your last year's Schedule C as a guide, it should be pretty simple. It costs
about $75 for the home and business version, plus some more for state tax. The price includes
e-filing your federal, and e-filing the state runs another $20.

https://turbotax.intuit.com/personal...d-business.jsp